Added to YB: 2026-09-29
Pitch date: 2026-09-24
FN [bullish]
Fabrinet
-5.12%
current return
Author Info
Aurelion Research is a research analyst with a passion for markets, specializing in high‑conviction ideas across shipping, offshore drilling, and thematic equity research. Sign up for the newsletter.
Company Info
Fabrinet provides optical packaging and precision optical, electro-mechanical, and electronic manufacturing services in North America, the Asia-Pacific, Europe, and internationally.
Market Cap
$16.4B
Pitch Price
$406.00
Price Target
N/A
Dividend
N/A
EV/EBITDA
29.05
P/E
34.97
EV/Sales
3.34
Sector
Electronic Equipment, Instruments and Components
Category
growth
The Road Ahead for Optics - Fabrinet (FN)
FN (monitor): Fabrinet is an optical contract manufacturer benefiting from AI demand, broader hyperscaler relationships and potential Ciena, AWS and NVIDIA ramps; growth accelerated to 36% in 2026. At 21.9x NTM earnings, valuation is reasonable, but margins have remained around 11-13% since 2022. No position is being added until new programs demonstrate durable earnings growth, higher production volumes and better margins.
Read full article (9 min)